What's Happening?
PayDo, a global payment ecosystem, has launched a new unified payment infrastructure aimed at reducing the complexity faced by online businesses. This new suite offers direct SEPA and SWIFT access, Open
Banking collections, and direct acquiring, all under a single platform. The initiative is designed to eliminate the 'hidden tax' of fragmentation by providing a consolidated solution for financial services. This allows businesses to manage their financial operations more efficiently, reducing intermediary costs and improving settlement times. The infrastructure is built on four core pillars, including direct SEPA & SEPA Instant, USD SWIFT Accounts, Dedicated C2B Open Banking Collections, and Direct Acquiring. These features aim to provide faster, lower-cost transactions and greater transparency over payment flows.
Why It's Important?
The launch of PayDo's unified payment infrastructure is significant for digital businesses as it addresses the challenges of managing multiple financial service providers. By consolidating these services, PayDo reduces the complexity and costs associated with financial operations, offering businesses a competitive advantage. This development is particularly beneficial for companies operating in fast-paced markets like the EU, where quick and cost-effective transactions are crucial. The infrastructure also supports cross-border transactions, which can be a pain point due to delays and high fees. By streamlining these processes, PayDo enhances the efficiency and transparency of financial operations, potentially leading to increased profitability for businesses.
